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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jun 20, 2015

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $80,000,000 for a ticket purchased in Pennsylvania, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Pennsylvania

Drawing Date:Sat, Jun 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$43,791$896,659
2$1,483,464$507,070$45,542$930,852
3$1,542,803$529,025$47,364$966,414
4$1,604,515$551,858$49,259$1,003,398
5$1,668,696$575,605$51,229$1,041,861
6$1,735,443$600,302$53,278$1,081,863
7$1,804,861$625,986$55,409$1,123,465
8$1,877,056$652,698$57,626$1,166,732
9$1,952,138$680,479$59,931$1,211,728
10$2,030,223$709,370$62,328$1,258,525
11$2,111,432$739,418$64,821$1,307,194
12$2,195,889$770,667$67,414$1,357,809
13$2,283,725$803,166$70,110$1,410,449
14$2,375,074$836,965$72,915$1,465,194
15$2,470,077$872,116$75,831$1,522,129
16$2,568,880$908,673$78,865$1,581,342
17$2,671,635$946,693$82,019$1,642,923
18$2,778,501$986,233$85,300$1,706,968
19$2,889,641$1,027,355$88,712$1,773,574
20$3,005,226$1,070,122$92,260$1,842,844
21$3,125,435$1,114,599$95,951$1,914,886
22$3,250,453$1,160,855$99,789$1,989,809
23$3,380,471$1,208,962$103,780$2,067,728
24$3,515,690$1,258,993$107,932$2,148,765
25$3,656,317$1,311,025$112,249$2,233,043
26$3,802,570$1,365,139$116,739$2,320,693
27$3,954,673$1,421,417$121,408$2,411,848
28$4,112,860$1,479,946$126,265$2,506,649
29$4,277,374$1,540,816$131,315$2,605,243
30$4,448,469$1,604,121$136,568$2,707,780
Total$80,000,000$28,345,633$2,456,000$49,198,367

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.